Show i I. I G G c TO GET HUGE RAilROAD MERGER PlANS Executives Iron Out Difficulties Difficulties ties in Scheme WILL ASK FOR APPROVAL Four Major Trunk Lines Are Involved NEW YORK June 13 United Thc Press Press The trunk four line m merger agreed to tentatively by bythe bythe bythe the major eastern railroads last December December De De- cember Is expected to be presented I to the interstate commerce commission commis commis- aba sion for approval soon after the tom tom- com commission mission mission- receives the joint petition of the country's railroads asking for a 15 per cent increase in freight rates The few minor difficulties still re remaining remaining re- re in th the merger plan were Ironed out lout at a meeting at Pennsylvania Pennsylvania Pennsyl Pennsyl- vania vanla station yesterday esterday attended by bythe bythe bythe the presidents of ot all the major eastern eastern east east- ern em lines The plan was given President President Prest- Prest dent Hoovers Hoover's approval on Decem- Decem Those attending the meeting in included in- in eluded O. O P. P and M. M J. J Van Swerin- Swerin gen of oC the Chesapeake Ohio Nickel NickelPlate NickelPlate NickelPlate Plate lines W. W W. W Atterbury AU president president president dent of the Pennsylvania Patrick E E. Crowley president of New York Central Central Cen Cen- and Daniel Willard president of the Baltimore s Ohio AGREEMENT THE TIlE SAME No official announcement was made following the meeting but it il was understood that the agreement is essentially the same as that of last December If IC the commission approves the Continued on Pace Poe Two o 4 44 i. i I. I CI C. C. C TO GET HUGE RAILROAD MERGER PlAN Continued from Putt PAlO One Oni plan Dion the railroads are expected to ro spend between and within three years ears In effecting the merger The allocations of the various lines under the plan are as follows The New York Central gets the Delaware Lackawanna Western and a direct connection with the Virginia Virginia Vir Vir- ginia glum railway at Deep Vat Water r V. V W. W Va with joint rates and routes over the theatter latter atter road GETS W The Pennsylvania gets ets the Wabash railway the Detroit Toledo Ironton Ironton Ironton Iron- Iron ton and the Norfolk Western with certain rights over the Lehigh Valley The be Baltimore Ohio received the theAnn theAnn theAnn Ann Arbor Abor the Reading and the Central Central Cen- Cen ral railroad of ot New Jersey the Western Western West West- em ern Maryland Marland and the Lehigh Hudson River The Chesapeake Ohio Nickel NickelPlate NickelPlate NickelPlate Plate obtains obtain the Valley the Bessemer Besemer Lake Erie and the Chicago Chicago Chicago Chi Chi- cago Eastern Illinois |